New Day and Broker Help Consolidate and Standardize Contractor Coverage
New Day’s broker partner was competing for new business that involved a large contractor consisting of a few entities that had merged through the years. The expiring coverage was a hodge-podge of mono-line professional liability for one entity, combined pollution/ professional coverage for another entity, and neither professional nor pollution coverage for the last entity.
New Day provided a market alternative that combined Professional Liability, Protective Indemnity and Pollution Liability into one policy that covered all of the entities. A number of enhancements were provided including mold liability, transportation (both 1st and 3rd party), and non-owned disposal sites. Limit and retention options were also provided. The retroactive dates were aggregated and stretched back to the earliest coverage date.
The program assembled by New Day helped our broker partner to secure this piece of new business.